PETRONAS Carigali Sdn Bhd (PCSB), a wholly-owned subsidiary of PETRONAS has entered into a Farm Out Agreement with SMJ Sdn Bhd (SMJSB), a company wholly-owned by the Sabah State Government, for the sale of PCSB’s 50 per cent non-operating participating interest in the Samarang Production Sharing Contract.
Sabah Formalises Acquisition Of 50% Participating Interest In Samarang PSC brudirect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brudirect.com Daily Mail and Mail on Sunday newspapers.
Kota Kinabalu: Sabah formalised its acquisition of a 50 per cent participating interest in the Samarang PSC by engaging into binding agreements with Petronas Carigali Sdn Bhd (PCSB), Tuesday.
Petronas farms out key Malaysia producing asset upstreamonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from upstreamonline.com Daily Mail and Mail on Sunday newspapers.
The Samarang field, which is located approximately 50 km off the coast of Sabah, is currently producing approximately 36,000 barrels of oil and gas equivalent/day.